Eli Lilly: Point acquisition gives battered biotech sector a boost
Cheaper valuations have finally drawn back cash-rich pharmaceutical makers
Mergers & Acquisitions
Scandinavian airline SAS wipes out shareholders as part of rescue deal
Air France-KLM and private equity group Castlelake become investors alongside Danish government
Mergers & Acquisitions
Niger junta rejects transition plan as 29 soldiers are killed in insurgent attack
Military leaders struggle to find a solution to Sahel country’s political crisis
Terrorism
Japanese yen falls through key level of 150 to dollar
Traders left confused as currency strengthens sharply after breaking through closely watched level
Central banks
Eli Lilly to buy cancer specialist Point for $1.4bn
Point is developing radioligand molecules that can deliver targeted radiation to tumour cells
Mergers & Acquisitions
Boohoo slashes profits forecast as consumers cut back
Fast-fashion retailer warns sales will be lower than expected
Ecommerce
How to look rich
Perform ease — but get the details right
Luxury goods
EU weighs delay to chemical reforms after industry backlash
Tougher rules may be held back amid increasing hostility to climate regulation
Chemicals, Financial & markets regulation
Meta to charge users in EU for ad-free Instagram and Facebook
Tech group plans a $14 monthly subscription fee for access via mobile
Social Media
Secretive billionaire Harald McPike sues over collapse of Spac deal
Lawsuit accuses gaming investor Jason Ader of misrepresenting investment in Spac that tried to buy Manila casino
Mergers & Acquisitions